Keyword Analysis & Research: an insurance premium is quizlet

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What is an insurance premium and deductible?

• The premium is the fee paid by the insured to the insurance company every month to keep the insurance policy active and to maintain insurance coverage. An insurance premium is considered as the monthly cost of keeping your insurance policy. • The deductible is the amount that the insured will have to pay by themselves before the insurance company will pay out the claim. • The amount that you will have to pay as insurance premium will depend on the amount paid as an insurance deductible.

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